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Good evening to one and all,
Monday is Memorial day in the U.S, So the market will be closed.
I will not be posting on Monday,
Unless something major happens, which is very unlikely!
What a dump in Crude today!
I have documented the extreme bullish behavior in the Crude oil market over the last few weeks.
One commentator after another came out with reasons why oil was going to $100 and beyond.
And then, of course,
the absolute polar opposite occurs......
Todays drop was all in line with the current wave count setup.
But it was absolutely at odd's with recent market sentiment.
IT just goes to show,
Over bullish extremes,
Along with a completed wave count,
Is probably the best tool for timing market turns.
The big question is this - What is coming next?
And I think whats coming will knock your socks off!
Down to business.
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UPCOMING RISK EVENTS:
USD: CB Consumer Confidence.
EUR: M3 Money Supply y/y.
GBP: N/A.
JPY: BOJ Gov Kuroda Speaks.
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Thats it for this week.
As I mentioned, Monday is a market holiday Stateside.
So there will not be an update on Monday night.
I will chat to you all again after the close on Tuesday.
Until then,
God's speed to one and all.
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